John Maynard Keynes
- British economist
- Governments should spend their way out of Depression
- Borrow money to be repaid after economy recovers
- Deficit financing
- Projects should be of value to the country
- Went against Adam Smith’s theories
- USA, Japan and Hitler’s Germany all use this with success.
John Maynard Keynes was an economist who developed the idea of "spending your way out of a depression". Only the spending of money can help them overcome the obstacle of the depression. Many countries embraced Keynes theory including countries like Japan, U.S.A and Germany.